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CBDC live examples which hobbles Nigeria

(Last Updated On: December 7, 2022)

CBDC live examples which are extremely limited

$30 billion to Nigeria’s GDP over the next decade.

Get your alternatives to circumvent this   (quantlabs.net)

Quant Labs Research | financial blogger Performance – TipRanks

Population 211M

Lagos 15.4M

 

https://www.reddit.com/r/Bitcoin/comments/zf2mgq/this_is_why_nigerians_are_adopting_bitcoin_faster/

 

Nigeria Pushes CBDC Usage With New ATM Cash Withdrawal Limits | Nasdaq

$30 billion to Nigeria’s GDP over the next decade.

 

The CBDC has a tiered anti-money laundering (AML) and know-your-customer (KYC) system, which requires only a national ID-linked phone number at the lowest level, but limits transactions every day to roughly $120.

 

From <https://coinmarketcap.com/alexandria/article/an-overview-of-nigeria-s-enaira-cbdc>

Enaira becomes apex bank

 

From <https://coinmarketcap.com/alexandria/article/an-overview-of-nigeria-s-enaira-cbdc>

 

Tuesday, the Central Bank of Nigeria (CBN) applied new limits on over-the-counter withdrawals at just ₦100,000 ($225) per week for individuals and ₦500,000 ($1,123) for businesses.

 

From <https://decrypt.co/116616/nigeria-limits-cash-withdrawals-45-day-cbdc-digital-banking-push>

 

Taking cash out of ATMs will be capped at ₦20,000 ($45) per day, with only ₦200 ($0.45) notes and smaller denominations being available from the machines.

 

From <https://decrypt.co/116616/nigeria-limits-cash-withdrawals-45-day-cbdc-digital-banking-push>

Customers will still be able to take out larger sums in some instances but will have to pay processing fees of between 5% and 10%.

 

From <https://decrypt.co/116616/nigeria-limits-cash-withdrawals-45-day-cbdc-digital-banking-push>

 

An Overview of Nigeria’s eNaira CBDC | Alexandria (coinmarketcap.com)

 

Nigeria’s CBDC: The Good, Bad and Ugly (coindesk.com)

 

Nigeria Limits Cash Withdrawals to $45 per Day in CBDC, Digital Banking Push – Decrypt

 

 

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